Broadcom (AVGO) Reports $22.19B Revenue, Down 12.9% Monthly

AI Summary

Broadcom Inc. (AVGO) reported $22.19 billion in revenue for Q2 2026, missing analyst estimates of $22.27 billion. The company's shares have decreased by 12.9% over the past month, largely following this earnings report. Firms such as Benchmark and DA Davidson have adjusted their price targets, setting new targets at $545 and $400 respectively. Despite the volatility and missed guidance, analysts have maintained a Buy and Neutral rating on Broadcom, with ongoing discussions surrounding its position in the semiconductor market.